By Shauna Krause, President, Capitol Services, Inc.
When you’re good there you should be good everywhere! That’s good for a contractor with plans to expand across state lines. Always a great feeling to assist a contractor in solving a problem, and ‘doubled’ down on a return call…
Q: You helped you with my General Contractors License a few years back and I have recently accepted a job opportunity with a new Employer. The company currently has an “C-10” (Electrical) license and would like to utilize my “B” (General Building) as well. The owner of the company has a sister Company and we are wondering if my GC license can be used for both entities. I have heard this is forbidden in CA, but given the fact that the two companies are owned by the same person, is this a possibility?
A: Nice to hear from you again. The situation you described would not allow for you to Qualify both licenses at the same time, however, please give my office a call and we can discuss the details and see if there is a way we can make it workable.
Q: We have applied for a Nevada Contractor’s License. The NV Board sent us approval for our Qualifier to take the exam, but also a deficiency letter stating our Financial Statement was outdated. We had submitted the 2020 review. They are giving us a window to time to provide the updated financial statement, but we are not going to have it ready until following month. Our CPA reviewed the License requirements and suggested we request a monetary limit under $250k and she would be able to provide a compilation report much quicker. If we choose that option, will we be able to increase our limit next month with an amendment of some sort?
A: Yes, you can always request to increase your monetary limit in Nevada. If you do this during the application processing time, the application just goes in for a “re-review”. Once the license is issued, you will be required to submit an application to increase your limit.
Q: We are licensed in the State of Nevada, and we need to get licensed in California. It is our understanding Corporations are required to list all their Officers on the CA license application and each of the individuals listed are required to be fingerprinted. Both my Mom and Dad are listed as Officers on our NV Corporation and we want it to remain that way. Is there any way that I can list myself as all the Officers for the purpose of obtaining the CA license so that my parents do not need to worry about coming to CA to be fingerprinted? Or does CA check our NV records to make sure it all matches?
A: While the CA Secretary of State does require that your Corporation be in good standing in your Home State in order to register in CA, they will not check the records with regards to Officers listed in Nevada. Therefore, it is up to you who you list as Officers with the CA Secretary of State. The CSLB will check Officer records with CA SOS and make sure they match, but also will not check Nevada’s records.
While knowledge is power, knowing where to go for the answers is half the battle. Get expert assistance immediately when you call 866-443-0657, email info@cutredtape.com, or write us at Capitol Services, Inc., 3609 Bradshaw Rd, Ste H, #343, Sacramento, CA 95827. Search past columns at www.cutredtape.com.